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Vodafone-Idea merger to be approved soon
Posted on 22nd June 2018
The Department of Telecommunications (DoT) is expected to clear the merger of Vodafone India and Idea Cellular early next week. Both the companies, however, may have to pay one-time-spectrum-charges (OTSC) dues, though these are under challenge in the court. The DoT is expected to ask Vodafone for Rs 5,650 crore – or a bank guarantee – and Idea for Rs 2,113 crore for its OTSC dues.

Vodafone-Idea merger: DoT receives legal view on issue of raising demand for dues
Posted on 21st June 2018
NEW DELHI: The telecom department has received legal opinion on the issue of raising demand for dues pertaining to Vodafone, ahead of the proposed mega-merger of Vodafone and Idea Cellular in the Indian market, according to a senior government official.

The legal opinion had been sought by DoT (Department of Telecom) recently as some of the demands for arrears are sub judice.


Merger-bound Idea Cellular completes VoLTE expansion
Posted on 20th June 2018
Idea Cellular on Tuesday said it has completed the rollout of VoLTE services in all its 20 4G circles with the country’s third largest telecom operator announcing the launch of VoLTE in five circles — Himachal Pradesh, Odisha, Assam, North East Service Area (NESA) and Jammu & Kashmir.

“With the completion of the last phase of VoLTE rollout, Idea is now the only operator to offer pan India integrated 2G, 3G, 4G and VoLTE services.


DoT may clear Voda-Idea merger today; seeks Rs 21 bn bank guarantee
Posted on 18th June 2018
The telecom department is likely to approve the merger of Vodafone India and Idea Cellular today that will create the country's largest mobile service operator with proposed name of Vodafone Idea Ltd.

"DoT is expected to clear the Vodafone-Idea merger on Monday. The certificate will be handed to them," said an official source.


DoT may approve merger of Vodafone, Idea Cellular in the next few days
Posted on 15th June 2018
The department of telecommunications (DoT) is likely to approve the merger of Vodafone and Idea Cellular in the next few days, making the combined entity the country’s largest mobile services operator.

Sources said all the wings of the DoT as well as Telecom Secretary Aruna Sundararajan had given a go-ahead to the merger. After signature by Communications Minister Manoj Sinha, the approval document will be sent to the companies.


Jio vs Airtel vs Vodafone vs Idea: 3GB daily data recharge plans compared with detailed offers
Posted on 14th June 2018
Jio Double Dhamaka offer, which was introduced yesterday, June 12, is a fresh attempt by Jio to fuel the fire in the telecom sector to keep the incumbents Airtel, Vodafone, Idea Cellular, and BSNL at bay. This offer entitles the Jio customers with additional data for free along with a discount of up to Rs 100 on all the prepaid recharge packs. The company explicitly compared its new offer with what Airtel is providing at same price points. Moreover, while Jio and Airtel are in a neck and neck contest, other players such as Vodafone, Idea, and BSNL are competently vying for the best position.

Vodafone plans to invest Rs 80 billion in proposed joint venture with Idea
Posted on 9th June 2018
British telecom major Vodafone plans to invest €1 billion or about Rs 80 billion in the proposed joint venture with Idea Cellular, which is expected to be in place this month, according to its annual report.

The British telecom operator will look at monetising its stake in Indus Towers if it requires to make additional investment in India, in case the Aditya Birla group decides to put in additional fund in the proposed merged entity, Vodafone Idea Limited.


Idea Cellular gets DoT approval for 100% FDI in merged entity
Posted on 5th June 2018
Paving the way for the approval of Idea Cellular and Vodafone India merger, the department of telecommunications (DoT) has cleared the former's proposal to increase foreign direct investment (FDI) limit to 100 per cent in the merged entity.

Idea currently has FDI limit of 67.5 per cent.


Idea Cellular to become Vodafone Idea; plans to raise Rs 150 billion
Posted on 2nd June 2018
Idea Cellular proposes to call the new entity born of the much-talked-about merger of Idea Cellular and Vodafone India Vodafone Idea.

According to a regulatory filing, Idea Cellular has called an extraordinary general meeting on June 26 to consider proposals on a number of issues, including changing the name of the combined entity, touted to be the largest telecom operator of the country.


Idea Cellular sells tower biz to American Tower Corporation for Rs 4,000 cr
Posted on 1st June 2018
Close on the heels of its merger with Vodafone India, Idea Cellular on Thursday announced the completion of the sale of its standalone 9,900 towers to the Indian unit of US-based tower firm American Tower Corporation (ATC) for Rs 4,000 crore.

Earlier, Vodafone had also sold off its tower business to ATC for an enterprise value of about Rs 3,850 crore.


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